Calico Corporation produced 2.000 units in Job 903. The following data Direct materials used Direct labor costs Actual manufacturing overhead rate per direct labor hour Predetermined manufacturing overhead rate per direct labor hour Direct labor hours used in Job 903 Direct labor rate per hour $4,000 O $7,000 $4,659.25 $2300 $700 $3,359.50 $17.15 $18.30 35 Sales price per unit What is the gross profit for Job 903 before adjustment for over- or underallocated overhead? (Round to two decimal place $20 $3.50 03 for the year

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Calico Corporation produced 2,000 units in Job 903. The following data is provided for Job 903 for the year:
Direct materials used
Direct labor costs
Actual manufacturing overhead rate per
direct labor hour
Predetermined manufacturing overhead
rate per direct labor hour
Direct labor hours used in Job 903
O $4,000
O $7,000
$4,659.25
$2300
$700
$3,359.50
$17.15
Direct labor rate per hour
Sales price per unit
What is the gross profit for Job 903 before adjustment for over- or underallocated overhead? (Round to two decimal place
$18.30
35
$20
$3.50
Transcribed Image Text:Calico Corporation produced 2,000 units in Job 903. The following data is provided for Job 903 for the year: Direct materials used Direct labor costs Actual manufacturing overhead rate per direct labor hour Predetermined manufacturing overhead rate per direct labor hour Direct labor hours used in Job 903 O $4,000 O $7,000 $4,659.25 $2300 $700 $3,359.50 $17.15 Direct labor rate per hour Sales price per unit What is the gross profit for Job 903 before adjustment for over- or underallocated overhead? (Round to two decimal place $18.30 35 $20 $3.50
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